Asian stocks mostly recover and Dow futures jump 550 points after chaotic day for markets

US stock futures, meanwhile, are recovering after Monday’s historic declines. After initially falling after hours, Dow (DJI) futures shot up 550 points, or 2.4%, after President Donald Trump said he would press lawmakers to enact a payroll tax cut and ensure assistance is available to hourly workers amid a roiling coronavirus pandemic that’s caused deep economic concerns and stock market shock. The Dow had ended the day with its biggest point drop in history, closing Monday down 2,014 points, or 7.8% — its worst day since the 2008 financial crisis.